ANALYSIS 🔎
- VETUSDT is testing the ascending trendline support.
- Price action is printing a descending triangle pattern.
- We could see a bounce off the ascending trendline support as an uptrend continuation.
- We could also see a breakdown below the ascending trendline support as a correction.
POSSIBLE PRICE ACTIONS
- Uptrend continuation⬆️: breakout above the descending triangle's inclined resistance and the horizontal resistance level (R1).
- Correction ⬇️: breakdown below the ascending trendline support and the descending triangle's horizontal support.
TARGETS 🎯
- Uptrend continuation ⬆️: swing high horizontal resistance (R2), fibonacci extension levels.
- Correction ⬇️: Horizontal support level (S1), fibonacci extension levels.
- VETUSDT is testing the ascending trendline support.
- Price action is printing a descending triangle pattern.
- We could see a bounce off the ascending trendline support as an uptrend continuation.
- We could also see a breakdown below the ascending trendline support as a correction.
POSSIBLE PRICE ACTIONS
- Uptrend continuation⬆️: breakout above the descending triangle's inclined resistance and the horizontal resistance level (R1).
- Correction ⬇️: breakdown below the ascending trendline support and the descending triangle's horizontal support.
TARGETS 🎯
- Uptrend continuation ⬆️: swing high horizontal resistance (R2), fibonacci extension levels.
- Correction ⬇️: Horizontal support level (S1), fibonacci extension levels.